ATLAST. Rowe Price Small-Mid Cap ETF (TMSL): outlook, holdings and fees
T. Rowe Price Small-Mid Cap ETF (TMSL) is an exchange-traded fund and is managed by T. Rowe Price. The expense ratio is 0.57% and the yield is 0.48%. The ten largest holdings are 10% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on TMSL
| Last price | $42.13 (+1.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $41.22 – $43.48 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 0.48% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
TMSL fund facts
| Issuer | T. Rowe Price |
|---|---|
| Theme | US mid caps |
| Assets under management | $3.1B |
| Expense ratio | 0.57% |
| Number of holdings | 50 |
| Portfolio turnover | 14% |
| Inception | Jun 14, 2023 |
| Exchange | NYSE |
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.
TMSL top holdings
| Holding | Sector | Weight |
|---|---|---|
| Tenet Healthcare Corporation THC | Healthcare | 1.19% |
| Popular Inc BPOP | Financial Services | 1.16% |
| nVent Electric PLC NVT | Industrials | 1.06% |
| Permian Resources Corporation YZ8 | Energy | 0.97% |
| Corpay Inc CPAY | Technology | 0.89% |
| Guardant Health Inc GH | Healthcare | 0.94% |
| Reliance Steel & Aluminum Co RS | Basic Materials | 0.87% |
| Synnex Corporation SNX | Technology | 0.91% |
| Marex Group plc Ordinary Shares MRX | Financial Services | 0.90% |
| InterDigital Inc IDCC | Technology | 0.82% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
TMSL sector breakdown
| Sector | Weight |
|---|---|
| Technology | 20.4% |
| Healthcare | 17.8% |
| Financial Services | 15.7% |
| Industrials | 15.6% |
| Consumer Cyclicals | 9.5% |
| Energy | 6.5% |
| Real Estate | 6.0% |
| Basic Materials | 4.1% |
| Consumer Defensive | 2.0% |
| Utilities | 1.8% |
| Communication Services | 0.7% |
By region: North America 95.8%, Latin America 1.7%, United Kingdom 1.4%, Africa/Middle East 0.6%, Europe Developed 0.4%.
TMSL returns and risk
| Year to date | +14.3% |
|---|---|
| 1 year | +18.1% |
| 3 years (annualised) | +20.3% |
| Volatility (3 years) | 16.3% |
| Sharpe ratio (3 years) | 0.83 |
Past returns do not guarantee future results.
TMSL: frequently asked questions
What does TMSL invest in?
T. Rowe Price Small-Mid Cap ETF invests in a portfolio of securities. Its largest holdings are Tenet Healthcare Corporation (1.2%), Popular Inc (1.2%), nVent Electric PLC (1.1%), Permian Resources Corporation (1.0%), Corpay Inc (0.9%).
What is the TMSL expense ratio?
0.57% a year: about $57.00 for every $10,000 invested.
What is the TMSL dividend yield?
0.48%. ATLAS does not hold the exact distribution dates for ETFs.
Will TMSL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $41.22 to $43.48 from $42.13 today. It is a probability, not a prediction.
How has TMSL performed?
Year to date +14.3%, one year +18.1%, three years +20.3% a year. Past returns do not guarantee future results.
Similar ETFs: US mid caps
- iShares Core S&P Mid-Cap ETF (IJH)
- Vanguard Mid-Cap Index Fund ETF Shares (VO)
- iShares Russell Mid-Cap ETF (IWR)
- Vanguard Morningstar Mid-Cap Value ETF (VOE)
- iShares Russell Mid-Cap Growth ETF (IWP)
- Vanguard Mid-Cap Growth ETF (VOT)
- State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD)
- iShares Russell Mid-Cap Value ETF (IWS)
Educational information, not investment advice. Disclaimer